"Investors globally have reacted negatively to President Trump's new tariff policy, leading to a rapid decline in the S& P 500 and market uncertainty."
"The S&P 500 experienced its steepest weekly decline since March 2020, dropping by 9.1%, signifying a crisis of confidence in economic policy."
This week, President Trump's new tariff policy has prompted investors globally to express their disapproval, resulting in a 6% fall of the S&P 500 on Friday alone. This marked a 9.1% decline for the week, the steepest since March 2020. The index is now nearing bear market territory as it hovers over a 17% drop from its February peak. In contrast to previous crises, this market downturn is directly tied to a presidential policy decision, as highlighted by market analysts.
Read at www.nytimes.com
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